(Bloomberg) — Boris Johnson urged the oil majors BP Plc and Shell Plc to invest “massively” in renewables to shore up the U.K.’s energy security, as soaring prices squeeze household budgets. The prime minister told […]
Big Oil is raking in historic amounts of cash, but the windfall isn’t being invested in new production to help displace Russian oil and gas. Instead, executives are rewarding shareholders — setting the world up […]
Russia’s oil output is plummeting, and the ban the import of Russian oil in May. OPEC recently warned that markets could see the loss of more than 7 million barrels per day of Russian oil […]
The de facto buyers’ strike on Russian crude that began a month ago propelled oil prices to their highest levels in years. Now the real effects are starting to create a second wave of impact […]
February has been a month marked by explosive reports revealing sweeping greenwashing campaigns by the fossil fuels industry. As the dust settles from the first waves of the novel coronavirus pandemic, investigative watchdogs are taking […]
This year will mark the 25th anniversary of the St Petersburg International Economic Forum, a gathering that is normally held in a village-like enclosure in this imperial city that is incidentally also the birthplace of […]
LONDON, Feb 27 (Reuters) – BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich country, marking the most significant move […]
Ukraine’s gas pipeline operator said on Sunday that the transmission of natural gas through its system was continuing “normally” and that it had not recorded a drop in pressure after an explosion in the area […]
Oil and gas supermajor BP has announced the start-up of the Herschel Expansion project in the U.S. Gulf of Mexico. Herschel is the first of four major projects scheduled to be delivered globally in 2022. […]
Goldman Sachs sees big oil companies perform well in 2022, boosted by strong positive consensus earnings revisions, improved ESG credentials, and accelerating buybacks The brokerage points to “an era of structurally higher commodity prices on diminishing […]
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